Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
U.S. rejects Navajo Nation's low coal bid, citing below-market value, as coal demand declines.
The U.S. government rejected a bid by Navajo Transitional Energy Co. to buy 167 million tons of coal from Montana public lands for $186,000—less than a penny per ton—marking the largest coal lease sale failure in over a decade.
Officials said the offer fell below fair market value under the Mineral Leasing Act.
The low bid reflects declining coal demand as utilities shift to natural gas and renewables.
A related Wyoming lease sale was postponed.
NTEC, owned by the Navajo Nation, acknowledged the coal’s limited value as most plants using its output are expected to phase out coal within a decade.
Export hopes are hampered by port capacity shortages.
Estados Unidos rechaza la oferta baja de carbón de la Nación Navajo, citando un valor por debajo del mercado, ya que la demanda de carbón disminuye.